Weak prices and demand have forced the Canadian company to lower its output forecast for the year.
Canada Mining News
The $10 billion James Webb telescope is equipped with a collapsible honeycomb-like mirror made of 18 gleaming, gold-covered pieces.
They are looking into a dividend paid by Kumtor to Centerra in 2013, which the miner says complied with the country's laws and 2009 agreements governing the project.
The mining groups will begin offering the premiere online professional development program to their members later this year.
Barrick Gold has reduced its debt load, reshuffle management and sold several assets.
Current oil oversupply could reverse within 20 years as low oil prices have forced pricers to slash spending on exploration and production, a report by Wood Mackenzie shows.
The board of trustees said they didn't believe in divesting from the fossil fuel industry until there are competitive and readily available alternatives.
While the province says the proposed ruling will cut red tape, environmental groups claim it doesn't do enough to prevent mining on privately protected lands.
Canada’s largest diversified miner logged a 38% increased in overall profit for the first quarter of the year.
The world's largest gold producer, reported a quarterly loss, compared with a year-earlier profit, as asset sales impacted production and realized gold prices fell.
Jinfeng produced 149,655 ounces of gold in 2015 and is expected to generate 95,000-105,000 ounces of gold this year.
Most shareholders hope that Catherine Raw persuades management to stop prizing output over profitability and, instead, place more emphasis on investors’ returns.
The Atlantic Canada province now has two strikes against it in the eyes of Nova Scotia’s mining companies.
Several Canadian firms operating in Guatemala, Eritrea may have civil claims against them heard in Canada
Should the court decide the claim can be heard in Canada, it could have wider implications for Canadian mining companies operating in countries with less than sterling environmental and human rights records.
The deal will see Seabridge shareholders gaining exposure to SnipGold’s Iskut project while shareholders of SnipGold receive an immediate 124% premium and exposure to Seabridge’s KSM project, one of the largest undeveloped copper-gold projects in the world.
Technical Analyst Jack Chan says his trading model is indicating that the gold sector is on a new major buy signal, but the COT data is bearish, so he is waiting for the COT to return to bull market values.
Analysts, companies expect prices to stay below 2015 levels for at least the next two years.
With an oil break-even price of about $80 per barrel, any new oil sands projects will only barely make back their investment.
Jade mining now a $30 million industry in B.C. and local producer plans to increase production by 50% this season
Rebuilding team for NICO development as public highway to Whati & cobalt market advance
Not only Canadians, but also producers from Russia and Belarus have yet to sign 2016 contracts with Chinese importers.
Gold supply is getting tighter, deposits of quality are getting rarer and the project development timeline is getting longer.
The now contained spill, which happened at Teck's Trail smelting and refining plant in British Columbia, lasted for about 15-20 minutes.
The miner lost $11.6 million in the fiscal 2016, compared to a profit of $170.3 million in 2015.
They are definitely making more than those working in forestry, manufacturing, finance and construction.